Illes Balears will receive more than 2 million euros to boost rural development programs

Balears will have 1,320,663 euros from the loan to finance the rural development programs and another 740,117 euros for the interventions of the Strategic Plan of the Common Agricultural Policy.

The Council of Ministers approved on Tuesday, at the proposal of the Ministry of Agriculture, Fisheries and Food, the distribution of 2,060,780 euros to the Balearic Islands for the financing of rural development programs and interventions of the Strategic Plan of the Common Agricultural Policy (CAP).

The territorial distribution for the autonomous communities benefiting from this agreement amounts to a total of 158.21 million euros, whose final approval will be submitted to the Sectoral Conference on Agriculture and Rural Development.

Rural Development and CAP

The approved distribution has been made in accordance with the agreements of the General Administration of the State and the autonomous communities for the financing of the rural development programs of the period 2014-2022. In this item, the Balearic Islands are entitled to €1,320,663 out of the €104,120,005 allocated to the beneficiary autonomous communities.

With regard to the interventions included in the new CAP that has entered into force on January 1 of this year, Illes Balears corresponds to 740,117 euros of the total of 54,090,000 euros to be distributed among the beneficiary autonomous communities.

In both cases, the programmes include support measures of a different nature, aimed at improving the competitiveness of the agri-food sector, ensuring the sustainable management of natural resources and action against the climate and achieving a balanced territorial development of rural areas. These measures are financed by the European Agricultural Fund for Rural Development (EAFRD) and contributions from the General Administration of the State and the autonomous communities themselves.